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20131202
20131210
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CNBC 23
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English 78
Search Results 0 to 49 of about 78 (some duplicates have been removed)
FOX Business
Dec 3, 2013 6:00pm EST
we are really starting to see the things that are wrong with this law, the problems with this law. one of them is on monday demonstrations said we are going to make those insurers hold it have to bring those 5 million people whose insurance coverage that we trashed, to help them make it through that time. what do you say? >> well, i think that they only work a bit of the margin. really what has happened is that those insurers were forced to change their plans. i do not see a lot of them being able to just do that. it is also state government involved here. so i'm not sure that giving him a little bit of extra money and the risk adjustment has really made much of a difference. gerri: we don't know if it's a little bit of money. because the federal registry is not saying how much. as taxpayers, we are on the hook for a trillion dollars on subsidies. >> you are right, it is not overly clear. and it's probably pretty marginal and this really isn't going to make it possible. gerri: you make it a good point. here is what i see her when i look at tax payers wallets. an open-ended obligat
FOX Business
Dec 3, 2013 9:00pm EST
ready for prime time. >> yes, california has a law that 33% of electricity has t be produced by renewables. right now that is technologically impossible. colorado is 30%, they are trying to put in the systems that do not generate enough energy, the at the same time, we are cutting back on coal because of new epa regulations and that is where thepotential might occur. there just isn't enough capacity. especially if we are going to be running on electric cars, you have to get the electricity to be a part of it. >> it is a spontaneous congestion engine. gerri: thank you for coming on. we appreciate your time. we have more to come this hour. including a warning for holiday shoppers. why you should look at the return policy before you buy. and the u.s. is pretty much in the middle of the pack when it comes to test scores. what are wdoing wrong? swers are coming up after the break. so i can reach ally bank 24/7, but there are no branches? 24/7. i'm sorry, i'm just really reluctant to try new things. really? what's wrong with trying new things? look! mommy's new vacuum! (cat screech
FOX Business
Dec 6, 2013 10:00pm EST
health care law was not ready for prime tim. the documents we are now reviewing tell a much, much different story than what officials testified to congress. the white house continues to claim healthcare.gov is working better. public sentiment, however, is worsening. a new gallup poll shows the majority of americans, 52 percent, say they want a law scaled back or repealed outright compared with 50% to felt that way in october. 37 percent said they want a law expanded or kept as is. joining us now, senior fellow at the manhattan institute, former health care policy adviser to the romney campaign and also the author of the new book, how medicaid fails the poor. great to have you here. a member teeseven number of visitors, abovehree and a half million people. should we care? what does it tell us? >> we should care because the old plan is that people had have been canceled. if they cannot get insurance under the new system it is a big problem. it is not just a big problem for those individuals, but the viability of the insurance companies that are now trying to sign up people for whom
CNN
Dec 4, 2013 3:00am PST
: in the minutes after the derailment, according to a senior law enforcement source, rockefeller told first responders, going along and i'm in a days, i don't know what happened. ntsb investigators say that ten-year veteran driver was on the second day of a five-day shift. >> the day was a typical nine-hour day. these days were routine days. there's every indication he would have had time to get full restorative sleep. >> reporter: his lawyer says he went to bed at 8:30 and got up at 3:30 a.m. that his client had a good night's sleep and is cooperating in every day. >> i think it takes a strong man to come down and be honest. that's what billy's doing. >> reporter: on the question of the brakes, rockefeller had initially claimed, according to a source, that they didn't work. >> we determined that the metro north mechanical department performed a proper brake test prior to the accident train leaving the station. and there were no anomalies noted. >> reporter: the federal rail administration is expressing serious concerns about metro north's recent series of accidents. in a letter to the head
CNBC
Dec 3, 2013 1:00pm EST
know ply of k through 12. about 40 states in the u.s. have charter school laws. i think every state should have charter school laws and allow people to come in like basis, really start from scratch, copy the best techniques in the world, and then move forward. that that sort of competition will drive the public schools to improve their teaching. >> michael, craig, tyler mathisen at cnbc headquarters. you have used the word several times accountable. michael, you said holding students accountable if they don't measure up. craig, you talked about systemic accountability of teachers, administrators and so forth. what in real life, real world pract does that mean? michael, does it mean if a kid doesn't succeed on a test, that you kick them out if he fails repeatedly? craig, does it mean that you have more firings of administrator and teachers if the system isn't stacking up right? >> michael, you first. >> well, we can't kick students out. it's a public charter school. as long as students want to stay, they can stay. but, we make sure that they know what the material -- they master the
FOX Business
Dec 4, 2013 4:00pm EST
be forced to taper before the end of the year? >> i don't think there is any chance. david: the law says you guys have to monitor unemployment and if an opponent continues to be good, i don't understand how they can justify without tapering. >> 's employment good? still over 7% unemployment. the other thing to remember is inflation people are worried inflation, every economic indicator regarding inflation has come out the last month weaker than expected. in a report earlier this week report was much better than expectations. the only proponent was prices paid. david: to your point, clearly there is a lot of uncertainty still out there among businesses. the fed beige book report talks about this in particular obamacare, contracts and many businesses voice voice concernsf future cost increases attributable to the affordable care act. businesses are worried about all these rates. >> as we will see the volcker rule, companies regulated, they don't even know what will be in the final rule yet. there may be restrictions on proprietary trading, hedges stronger or more strict than what people were e
CBS
Dec 9, 2013 6:00am PST
today, the senate will debate whether to extend a law regulating plastic firearms before it expires tomorrow. the law mandates every plastic gun have a piece of metal attached to it so metal detectors and x-rays can spot a weapon. gun control advocates want an extension for another decade. they say the law has added importance because of the availability of these 3d printers. >>> cars, flowers and a whole lot of fans. and the market just opened t take a quic why this tribute to actor paul walker drew thousands of o people. >>> and the market opened 10 minutes ago. let's get a quick look at the early numbers. not too bad. we'll get an update from our financial reporter, jason brooks the baking time of year. you need special ingredients. you need the staples for homemade. you need safeway sugar for just a buck eighty-eight. and that magic thing that makes everyone want another only two ninety-nine for challenge butter. and when hands get messy, quite surely they'll say, yum! wow! yay! what a sweeter holiday. safeway. ingredients for life. avo: thesales event "sis back. drive which mea
CSPAN
Dec 2, 2013 4:10am EST
. the iron law of alcohol policy says reducing the availability of alcohol will reduce alcohol consumption and reduce alcohol- related health harms. the same holds for sugar. the problem is -- how do you get there? how about government agency action. regulation in the food industry by congress is a nonstarter. they are not touching this. there is no way in the world anyone in congress will go out on a limb for this. but why can't the farm bill subsidize real food instead of food ingredients? that is what it used to do. food stamps. bloomberg try to remove food stamps from snap and he was rebuffed by the usda because the usda is in the pocket of the food industry. several other states have applied and the usda has rebuffed them. but the question is why is the usda in charge anyway? that is like the fox in charge of the hen house. the usda sells food, it is hhs's job to keep us healthy. shouldn't this be an issue for them? not an fda issue. the efsa, the european food safety administration, could influence the court of public opinion to make sugar less appealing. cigarettes went from fashion
CNBC
Dec 6, 2013 7:00pm EST
the taxpayer have to bail them out? >> insurance is about the law of large numbers. you have to spread risk over space and time. and what's happening here is so few people are enrolling right now you can't spread that risk and if the young people do not enroll, it doesn't work with the cost. so that's the real issue here. >> hadley, you know, let's not forget also that this is not the only payment from the federal government. right? there's subsidies to make it more attractive to buy these insurance packages. okay. and those subsidies run through the insurance companies. so they're going to get a little vigorous out of this before it's said and done. why are we singling out and helping so much this industry? >> you know, it's interesting. president obama was against the individual mandate before he was for it. >> right. >> many supporters of the affordable care act thought of insurance companies as the big bad villains in our health system before they're now in favor of supporting them or propping them up through these risk corridor payments and the subsidies in the exchanges. it's an inter
CNBC
Dec 2, 2013 1:00pm EST
're seeing the lowest price since august of 2010, we're also noticing that there might be some tax law selling going on, as a lot of investors look at the profit they've made, and they want to offset their capital gains. how do they do that? they sell the losers. back to you. >> okay. sharon, thank you very much. let's check out the interest rate market right now with rick. we've had the global bond market sell off overnight, pushing up to about 2.80% on the ten-year today. >> it does indeed. that's even despite the notion that there are six, yes, a half accident buyback operations this week. but that didn't make a difference. you can see, as sue pointed out, rates going up. haven't closed a 280 handle since the 20th of november. foreign exchange? i see the dollar index is up. the dollars versus the yen, definitely moving up, but there's one fly in the ointment. whether it's against the euro or the yen, the pound seeps to be king of late. these are some of the best levels in 26 months. back to you, sue. >> okay. rick, thank you so very much. >>> well, the richfield very confident, appa
FOX Business
Dec 3, 2013 9:20am EST
shopping. what does that mean for the traditional law. and former paypal ceo bill harris, the man partly responsible for all of this, he's still with us. what's the mall of the future going to look like. >> i think the mall of the future we already have today. it's amazon, it's ebay. ebay for used, amazon for new. and upscale products. there are many products on-line. stuart: what happens to the physical mall. >> i think it's a slow, gradual and glorious sunset. stuart: my theory is if a couple of big name department chains go out, what replaces them? >> i don't think that you have anything that replaces the big department stores. i think what you have is smaller malls, more convenient to people and so you don't have to travel as far, without the necessity of the big anchor tents. stuart: so that's a real revolution? >> i think so. stuart: that's a sea change. this is the inflection point, this thanksgiving holiday weekend, this holiday period that we're now in, is this the moment of of the real sea change? >> well, it's tough to put a particular day, but, yes, i think this is-- this is
FOX Business
Dec 3, 2013 11:00am EST
young on board with his health care law. will that work? the miscue over first down in sunday's redskins giants contest could turn the average nfl game into a laser show. we are looking forward to that in the next hour of markets now. connell: they to it. a lot of news. dagen: motor city, auto sales. connell: first to nicole petallides on the floor of the stock exchange looking at today's markets. nicole: good morning. good morning, everybody. right now all we mayybe clocking in some losses for the third day in a row for the dow and the s&p and we haven't seen that since september. dow jones industrials down 66 points at 15,932 and nasdaq down sitting at 1797, friday is jobs friday, watching for that. also a close eye on dow chemical which jumped to little bit yesterday on this news, pulling back now, trying to spin off part of their business so we have seen this moving back and forth, gains going back today. connell: breaking news in a detroit courtroom where a federal judge is ruling whether or not the city can continue with its bankruptcy filing. dagen: a win for the city? jeff flock
FOX Business
Dec 3, 2013 1:00pm EST
lori: there are still all law, there is a lot more than needs to be worked out with detroit so what you need to know. adam: don't take your eye off the market, stocks tumbling with the dow below 16,000 and the s&p below 1800. new highs reached for the first time just last month. cheryl: lori: halfwit between snap chat and ed snowden, that is the model for secure messaging apps welker. we talked to its co-founder and ceo in a new invention arms rates in the wake of ed snowden. welcome back. they troy to the big story today but first the markets, the dow is down triple digits of 104 and all 3 major averages extending losses. let's go to nicole petallides on a floor of the stock exchange for an update. nicole: we are looking at the markets under pressure, third day in a row of selling as we watch that. we seen that since september but the trend has been lower. we have 104 points, down 1/2%. down 1/4%. below is 15,082. let's get to apple because that is a different era green on the screen. 6178. and did well to three orders and that was the beginning, they were buying a ipad. lori: the
CNBC
Dec 3, 2013 9:00am EST
the state law that allowed that, call it basically a bald faced takeover of the city's finances and the city's democracy, but that he says is not necessarily an issue in the case. the issue is that of good faith bargaining. that's the key, that's coming up, and we're monitoring it. back to you. >> scott, we'll come back to you as the minutes unfold. >> it's a well known fact that december or at least the last week of december is on positive for equities. but what is ahead for ipos for the rest of the year. >> reporter: simon, 2013 has been a strong year for the ipo market. according to renaissance capital, 209 deals have price thundershower yepriced this year. from now to year end nine ipos are expected to price in december seeking $4.6 billion in total proceeds. this would put 2013 on track for the most ipos in six years. some of the notable companies expected to ipo this month include catch mark, timber trust, aeromark holdings and hilton world wide. hilton is expected to be the biggest ipo raising 2.2 to $2.4 billion, expected to go public under the sticker symbol hlt. there are plenty of
FOX Business
Dec 3, 2013 4:00pm EST
's troubles but launching a new p.r. campaign to rally public support for his new health care law. liz: rich edson live from the white house. rich, you saw the rollout. talk about it. >> well, liz, and david, the president says his law will not be repealed so long as he is president. this is the way the administration is trying to change the conversation from all the bad news they have had about obamacare, the botched rollout, people losing their health insurance and try to change it to the benefits of the program. in fact the administration says for the next three weeks the white house will be highlighting the benefits of obamacare, trying to drum up some coverage on the other side, some positive coverage. the president in an event here at the white house earlier today also addressed his republican critics saying if they have some better ideas on how to fix the affordable care act, he will consider them. >> if you ask many of the opponents of this law what exact think they would do differently, their answer seems to be, let's go back to the way things used to be. >> when you look at obamaca
FOX Business
Dec 4, 2013 11:00am EST
law trumps the state constitution that holds pensions. i would not like to see deep cuts or any cuts unless the whole thing is fair and equitable. it is a bankruptcy term. it does not mean it is fair. it is not fair to restructure a city on the back of a pension. it means there will be an equitable sharing of the pain. dagen: they are on the same line as the creditors, right? the bondholders. >> people who have invested money. they are concerned of compromising people who have invested money because they have to invest in the future. this is a very interesting and important decision. dagen: do you believe no new investments will come at the city once the restructuring is done? >> i think with this ruling estimate does not get overturn overturned, he is not going to stop the proceedings while the well billiard unions to appeal this. you have a lot of assets in detroit, the art collection, for example, somebody could come in and loan money even immediately or in the near future to collateralize by the art collection and give them some needed fuel. but the mismatch between finances and
CNBC
Dec 6, 2013 9:00am EST
, which was the public view portion of it, which is one of the last remaining law that you're not supposed to do. >> how would you argue it has changed the washington economy, for better i assume? >> currently we don't have retail stores. we'll have licensed shops and grows in about six months. so the economy hasn't greatly changed that much at this point. but it will. the state predicts we'll have at least $250 million coming in from tax revenues from this. so most of that is going to be going to health care and early learning, things like that. >> it will significantly change the economy in the next six months. >> you got the seahawks going for you and this. dress warm. >> exactly. >> thanks, ben. >> thank you. >> during the middle of that interview, somebody said with great authority when you're stoned, you don't feel the cold. i don't know if that helps at all. >> the u.s. economy added 203,000 jobs in the month of november. are we moving closer to the fed taper? chief economist jan hatzius is here after this quick break. [ music transitions to rock ] make it happen with the all-new fi
Bloomberg
Dec 8, 2013 6:00pm EST
.s. regulators have widened their injuries, seeing whether they broke anti-bribery laws. ended this.he bank we are waiting for official results from india state elections. the opposition is seen as the big winner. he is ahead in three state polls. they give a pointer to the national vote which much be held by monday. could add aeal that trillion dollars to the economy. u.s. compliments on food subsidies in a latin american block. president obama praised the draft agreement. analysts say it will do more to salvage the long-running doha round of talks and to solve food shortages and tell global commerce. more on this deal later. we're going to hear. the u.s. and japanese economies will recover the most next year. find out more from the chief economist when "first up" returns. ♪ >> australia's largest insurer shares are plunging, the biggest drop in 12 years up down 21%. it is paired off that one. unexpected net loss of about $250 million. it is due to write-downs at the north american operations. this is a stock where watching for you this morning. qbe falling the most in 12 years. that will b
FOX Business
Dec 6, 2013 4:00pm EST
. with the help of fbi, law enforcement overseas and a court order microsoft attacked on thursday, cutting off act es ses to servers primarily based in europe. microsoft investigators targeted zero access botnet because it fraud anti-ly bills $2.7 million a month with online advertisers with link bait. to get a sense how many computers are affected on daily basis, look how many were targeted december 1st and 2nd alone. 22% in the u.s. 8% of those computers were in india. 6% in italy. turkey, 5%. 47% were in other countries. about there. so if you're wondering why microsoft is investing so much on counterattacks because it has to defend its own products. the binge search engine, bing ad exchanges and windows are prime targets according to the company. as digital ad business grows experts say there are more opportunities for criminals to slip in and take opportunities. digital ad spend something expected to rise 14.9% year on year to $43.2 billion according to e marketer. digital losses for display ads could run as high as $10 billion here according to security company solve media. microsoft's stock
FOX
Dec 4, 2013 7:00am PST
healthcare law. these are live pictures from the hearing. many people struggled to sign up for insurance following the launch of the national website in october. but the white house says problems with the site have been fixed and millions of people are expected to sign up for coverage in coming weeks. >>> just as president obama begins a three-week public relations campaign for the new healthcare law, another lawsuit was filed against the affordable care act. the university of notre dame filed a religious challenge to the healthcare overhall, saying the -- overhaul, saying the requirement that the health plans cover birth control violates roman teachings. this is one of more than 80 lawsuits attacking the law on religious grounds. it will be the supreme court who decides if employers can refuse to offer benefits under the law. but that ruling is not expected into well next year. >>> some legal experts say people hear in california should pay close attention to the provisions of the bankruptcy protection just granted for the city of detroit. the judge in that case ruled that detroit can i
Bloomberg
Dec 8, 2013 8:00pm EST
york times saying regulators have widened their inquiry as to whether jpmorgan broke anti- bribery laws. last month the bank and it plans to manage china everbright ipo amid scrutiny. the wto celebrity a landmark deal that could add $1 trillion to the global economy. subsidies on food dropping opposition to a deal. president obama praised the agreement which is a first in the 18 year history of the wto. analysts say it will do more to salvage talks then food shortages and help global commerce. to basically out get an agreement among all of us since 2001 or even earlier in 1995. we have not been able to get an agreement. that is the first part of the significance. ,he second is that the package even though it is small but ambitious in the sense that it basically delivers on parts of economies and the agreement that was reached, i think will set a very good traction for the purpose of moving ahead on development. this is not so bad. >> we are also waiting for official results from india's state elections. the opposition has be seen at the big winner. beginnal state will counting today. pa
FOX Business
Dec 9, 2013 3:00pm EST
never repaid for that plane ride. mr. green berg says he violated the law. mr. boies says he didn't violate the law. you have the client and the lawyer disagreeing with each other in a story on foxbusiness.com. you can read about it, i posted it on sunday, and it represents one of those odd occasions when both the lawyer for a guy and the guy he's representing disagree on an important subject. i mean, here's the thing, mr. elenhorn's a new york attorney general. he's the guy leading the case against hank greenberg. okay, he hitched a ride with david boies on david's private plane. and he never repaid that money. david boies gave a comment to fox business saying that's okay, i don't care. mr. greenberg and other lawyers that that work for mr. greenberg went back and researched the subject, found that they believe mr. elenhorn violated the new york ethics law, you're not supposed to take freebie trips from lawyers that you're, you know, fighting in court. cheryl: and greenberg saw the fox business story -- >> oh, yeah. cheryl: and he went, wait a minute, not so fast. >> what is this
Bloomberg
Dec 5, 2013 7:00pm EST
, laws that segregated society and made colored south africans second-class citizens. byst, mandela was moved gandhi. more aggressive, so did he. as the head of the armed wing of led ational congress, he violent sabotage attacks and was arrested and tried in 1962. he would spend 27 years in jail that he was never forgotten. eventually, international and to sayl pressure led apartheid would be dismantled down the mandela would walk free. rather than seek richer view hising, he reached out to former oppressors trying to heal a divided nation. 1990 three, they shared the nobel peace prize. for fellow south africans and we want them to is crucial toh the contribution they have made towards a democratic party. >> he voted for the first time in 1994 with millions of his fellow black south africans. he became a statesman, an international icon. for south africa, he was a symbol of the country it wanted to be despite struggles with poverty, racism, and aids. free of any idea of any reasons or recrimination. >> many will remember him celebrating south africa's place on the world stage as the
CNBC
Dec 3, 2013 4:00am EST
the different parties were cleared by the french stock market regulators four years ago. under the french law, they could face sentences of up to two years in jail and the maximum fine of 1.5 million euros, which for a company the size of legarde is quite limited. ross. >> we'll see what happens. stepha stephane, for now, thank you. >>> the british prime minister is traveling to shanghai on day two of his visit. his comments are seen as paving the way to ensure successful business meetings with chinese investors. andrew leung is founder of andrew leung international consultants joining us now. what is the perception of british government in china compared with, say, germany or france? >> well, i think the impression is quite positive. you can see what's happening on china's twitter. david cameron is very, very popular and, of course, the uk and london hold special attraction for the china's middle class. this is the middle class as far as investment from europe and the uk. that's the interesting area in china. where things are changing so rapidly. so the press has been talking about china inv
Bloomberg
Dec 9, 2013 5:00pm EST
. begin trading, it was ranked the top performer in the world. they hope it will continue when new laws come into effect allowing dual listings. is to open updea the idea for foreign capital. >> one is oscar mendoza. was one of the hot spots for economic development. he has open a mexican restaurant in the heart . >> i want to bring in nasdaq senior vice president bob on the who joins is telephone and video from dallas, texas. thank you very much for making it through the snow and bad weather to make it to the studio. much appreciated. you have something to celebrate. how did you manage to get american airline group on the nasdaq? what we did was use the opportunity of these two companies coming together to and to speak to them about the opportunity of becoming part of the nasdaq family. we think we have a very strong proposition. we spoke to them about what we have been doing to enhance this experience for our companies. world has changed very dramatically. we wanted them to get the great benefits of the nasdaq listing. they were open to that opportunity. and allowed us to come in talk
Al Jazeera America
Dec 5, 2013 6:00am EST
. >> university of detroit law prover larry dubin says creditors seeking to claim what they are ode go after the city's art for compensation. >> i think creditors will fight as hard as they can. >> during the bankruptcy elegibility federal judge steven rhodes didn't say whether he'd allow the sale of prized artwork. he cautioned the city to take care when deciding to sell assets the detroit institute of arts is readying to a fight. they released this statement which reads this part: >> if the collection is jeopardise the dia is committed to taking action to preserve the cultural birth right for future generation generations. >>> some creditors say the cityies collection of classic cards >> chicago is facing a similar crisis, saddled with a $19 billion pension plan. the city must boost its contribution by $590 million. increasing the money to $1.5 billion. the mayor said the citiy will be forced to double property taxes or eliminate services. >> bureau of stat is it thes said union membership decreased. there's an age disparity. >> the rate is 15.6%. for workers 55 to 64. the numbers drops fr
FOX Business
Dec 5, 2013 11:00am EST
at drug costs. this is evidence of the complexity of this law. the upper midwest with a weekend storm tmaceatening, pushing up energy prices and using instagram to gauge how happy an entire city is. the top five happiest cities in the nation according to one survey, two cities from the same state. the you live there? Ò i o you f l good? so much more coming up on this hour of maumets now. ♪ connell: i wasn't even there. dagen: no indication. Ò i ogs are supposed to make you happy. food and dogs. dennis: christmas season, the tree over there. dagen: holiday tree. connell: i know. iatollowing up. to start it off at the top of the hour at the stock exchange. nicole: good morning. things are looking down again. the dow and the s&p down four days in our row. we will s what hstapens between now and then, right now, down 56 points, thousand eight thirty-three. and the nasdaq composite down 9 points, a quarter of 1%. the big picture is everybody is moving to the fed. the fed keeper as soon as this month, there is a m ting this month and with economic news, better cdc dropped o begin taperi
CNBC
Dec 3, 2013 3:00pm EST
think what will happen when you get to year end, a lot of muni funds will be pressured more, tax law selling -- >> lots. >> you'll do okay buying these funds at a discount. >> we won't necessarily see that pressure from the broader market, certainly. people maybe the last couple of years, any harvest, time is running out. >> there's still lots of things to harvest this year. lots of munis you can swap out of. munis are out. those are good places to swap into a different fund if you need to. take the loss, put it in your pocket if you don't need it and carry it forward. tax law accounting is huge in investing. >> we've been out of the muni market for the past 14 to 15 months when munis started getting back over 5% we've been a buyer. we've been aggressively buying municipal bonds. >> rob morgan any opinion on that before we go, quickly? >> absolutely. i think having a portfolio for individual investor tilted more toward short end and rising rate environment makes sense. i think detroit bankruptcy spells trouble more for retirees on pension plans more for than m
CNBC
Dec 4, 2013 3:00pm EST
, and this will be treated as law, was deeply flawed on the cftc's part. more details on that, kelly and bill, as we get them. we understand this suit has just been filed or will be imminently. it's certainly big challenge to see cftc chairman gary gensler in his final weeks of the job. >> all these countries, whether it's u.s. or europe, trying to move to indrese regulation but all these banks exist in so many jurisdictions. who do they have to listen to? what happens when rules conflict? a big financial trade association is pushing back to that ability to extend regulation beyond the u.s. >> we have a guest coming up we'll talk about that issue. >> heading toward the close. 50 minutes left in the trading session. the dow was down about 125 points at the low. we've come back. down 60 right now. it is our fourth consecutive down day here. >> and some new housing numbers out today. sales surging but a new bag of trouble could be brewing in the mortgage business. that could change the sales story in a hurry. >>> the winter chill can be a very good thing for retailers. courtney reagan will be here to tell us wh
CNBC
Dec 6, 2013 6:00am EST
the law? >> well, you are according to u.s. regulators. >> well, if you're not breaking the law, i think it's -- >> you are breaking the law in the united states. >> so regulators have what right to know that you have a bank account? >> look, i think the global financial system is getting more and more tied together. you need to be able to reach to all places. you can't have pockets where you're hiding things, particularly in an era of terrorism. you can funnel funds back and forth. that's a huge issue. although the u.s. hab coming after this from the tax perspective. >> but, becky, is regulation catching up with globalization? >> exactly. >> the finance and business globalized regulation did not. so this ability to move capital around means that government really can't keep up with it unless you have rules like this, which is no secret bank accounts. >> right. >> you know the true zealot on the anti-taxation side of things -- and no one wants to break the law. there's tax avoidance and there's tax evasion. >> you're riding things in a swiss bank account and makes sure no one knows about
CNBC
Dec 4, 2013 7:00pm EST
another raft of new problems with the health care law to report today. that includes what looks a bit like a bailout for the insurance companies. i don't like that if it's true. crony capitalism is not good. we'll look at it later on in the show. for now, please don't forget, free market capitalism is the best path to prosperity. just get rid of the tax and regulatory barriers to growth and we'll be all better off. "the kudlow report" is coming right back. ♪ [ male announcer ] they are a glowing example of what it means to be the best. and at this special time of year, they shine even brighter. come to the winter event and get the mercedes-benz you've always wished for, now for an exceptional price. [ santa ] ho, ho, ho, ho! [ male announcer ] lease the 2014 e350 for $579 a month easy-to-use platform. no, thank you. we know you're always looking for the best fill price. and walk limit automatically tries to find it for you. just set your start and end price. and let it do its thing. wow, more fan mail. my uncle wanted to say thanks for idea hub. he loves how he can click on it and get sp
Bloomberg
Dec 9, 2013 8:00am EST
-- bribery law exchange for having business steered directly to their firm. mike mckee is joining us. dennis is joining us from washington. dennis, let's start with you. you say this is been a long time coming. reason whyctly the these banks should be regulated even more. >> i'm not so sure it is quite that. we have a far-flung operation of global banks. the headquarters in new york have no idea what is going on. there appear to be reports of systemic illegal contact -- conduct in china. jpmorgan, jamie dimon and his executives had no idea what was going on with london whale. when you have banks this egg throughout the world, they're not just too big to fail, they're too big to manage. this is the latest example. >> i wonder what the report made you think today. i was amazed at the spreadsheet that they had. they were tracking the value of the hiring of family members. in particular, there was one family that they said the new york office would be surprised by his napping habits. i wonder what was most egregious to you. >> it reminds me of the libor scandal. these far-flung operations thinks
Bloomberg
Dec 5, 2013 3:00pm EST
place overseas and does not seem to be in violation of any domestic laws to protect the privacy of americans, even though when they do this abroad, that includes americans who may be traveling abroad. this is what has happened since post 9/11. it has been going on for a decade. >> certainly we realize we ought to give up a little bit of liberty in order to reserve security. i think everyone understands that. how we eat is a cell phone? is there a way i can turn it off? than your more leaky social networking site count. i can tell you that. it is not a cell phone anyone is monitoring. when you install foursquare or twitter, they aren't tapping into the same generic functionality. it is the chip. they have chips. take it out and put a new one in. >> do you think people just need to realize this is the world we live in right now? having a phone location is an easy thing to follow. basically have access to a lot of information that you would not want them to have access to, but is for the overall good of society in that hopefully it will prevent another 9/11? >> that is basically th
FOX Business
Dec 2, 2013 9:20am EST
house, goes through the window, the first time something goes wrong, the public will say we need a law, we need to have rules on this. stuart: you are right. since world war ii changed the public's attitude about the government, we now naturally look to the government for safety and security and the resolution of disputes even disputes we had better resolved ourselves to more efficiently done with competition. but it is a natural inclination to want to go to the government for this so it probably will come. which would be a better way to resolve this, government or some other system. -@stuart: so we're going to get rules. stuart: private enterprises better at everything. stuart: i was sitting in my backyard and i see this drone hovering around, so i fire up my shotgun and blow it out of the skies. can i do that? >> absolutely. if it is over your property and invading your property, absolutely. you don't know if it has a bomb, or worse yet, a camera on it. you don't know what evils that device can bring on your property to which you have not consented. just as you can use force to stop
FOX Business
Dec 5, 2013 7:00pm EST
-old bratton is a veteran law enforcement official who previously ran the nypd and resilient as demonstration and headed the police department's above los angeles and boston. a new poll from cnn showing support for stricter gun control is fading. just 49 percent now say they back restrictions to the second amendment down six points from the 55 percent who have said they back in control in january. but may be part of the reason that the new york mayor now michael bloomberg, you remember him, gun control group bears against illegal vans, surrendering extreme tactics to push can control. please take a look at their shocking new ad for portrayal of a potential school shooting nine days before the first anniversary of that age and connecticut school massacre. >> on december 14th we will have a moment of silence for newtown. but with 26 more schools shooting since that date, ask yourself, is silence what america needs are now? lou: joining us now, the "a-team," pulitzer prize-winning columnist, new york post of fox news to trigger, michael goodwin, former special assistant to president george w. we
PBS
Dec 3, 2013 6:30pm PST
the affordable care act. >> this law is working, and will work into the future. people want the financial stability of health insurance, and we're going to keep on working to fix whatever problems come up in any startup, any launch of a project this big that has an impact on 1/6th of our economy. whatever comes up, we're going to just fix it. >> administration released a new report showing that through that website nearly 1.5 million americans have now been found eligible for medicaid and that was during the month of october. >> still ahead on "nightly business report", we'll tell you about the company many are calling the big winner of black friday and cyber monday. >>> more numbers coming in for consumer spending over the long thanksgiving and black friday weekend. shopper track a provider of retail an lit ticks reports that sales rose 1% at brick and mortar stores during the four days compared to so-called black weekend sale as year ago. shopper track says total spending topped $22 billion. >>> not a lot on that money was being spent on perm computers. ibc says shipments of pcs are exp
PBS
Dec 6, 2013 7:00pm PST
-year low, the affordable care act may be turning the corner. >> this law is working and will future.o the gwen: is it all too good to be true? >> while the white house wants to claim that healthcare.gov is now working, we know that obamacare is still plagued with problems. gwen: outside washington, detroit is headed into bankruptcy, pensions are disappearing and low wage workers say they're being left out. >> people cannot survive on $8.25 in this country.
FOX
Dec 5, 2013 7:00am PST
unions have filed a lawsuit against b.a.r.t. that claims b.a.r.t. broke state law. it approved a contract without a key provision. the unions claim the board was legally obligated to either accept or reject the entire court, not just eliminate the costly paid family leave clause. b.a.r.t. says the lawsuit will only drag out this labor dispute. >>> the board could talk about the latest meltdown on the tracks. a crowded train was forced to stop right in the middle of a tunnel during yesterday morning's commute. we'll find out what's being blamed for that problem -- coming up for urat 7:30 -- coming up for you at 7:30. >>> an early-morning house fire in benecia. the passerby who is being credited for saving two people. >>> and we'll find out why the city of san francisco is paying some homeowners to plant a garden in their front yard. >>> right now, traffic is doing pretty well in many areas. the bay bridge toll plaza is slow. we just got a report of black eyes in the east bay. we'll tell you where. >>> parts of the bay area in the upper teens. coming up, how long the freeze warning will las
CNBC
Dec 9, 2013 6:00am EST
but unclear whether it's a true quid pro quo or whether it gets you in the room. >> the law that it would violate, no one's actually -- even "the new york times" was afraid to say it was violating any law. it would be a bribery law. is it a bribe to -- not that you can do business in china without bribes. is it a bribe to hire someone's son or daughter -- >> not clear to me. that's why i said, it has to be organized as a quid pro quo. >> if it's secretive, if there's things that people don't want to be known about it, i think that's a different situation. >> i think they did do it that way the way they did the spreadsheets. now they're saying they did the spreadsheets because they thought people were not really being truthful. they said they were bragging about the revenue and they wanted to see if it was real. >> i don't know. >> i think it's a tough case to make but i also think there are things you wanted to hide, if there's something secretive you didn't want to be known. >> it wasn't like the people were being not paid on the regular employee rolls or that they were working but then
FOX Business
Dec 9, 2013 11:00am EST
to change the subject as much as possible. laws and the city are taking care of very important response abilities here until they've been pigmentation problems can get worked out. in one sense it helped. but also similar reason driving is as both parties are trying to kick this out for two more years to have an election and decide how these issues get resolved. accommodation suggests they will get a deal in the next couple of days. dagen: this is if you have described it to use your words some low hanging fruit. how does this deal come together and what are the chances it does? >> i think it is slightly better than 50% chance it is going to get done. remember, the two chairs negotiating the steel are not here to tell us what they want to get done, they feel confident they will get something done. the issue here is last-minute demands. the republicans think they need some level of entitlement changes to get the rank-and-file members, thre slayer pushing han this changes to hospital spending for medicaid. the democrats pushing for more spending on unemployment insurance possibly inclusion
CNBC
Dec 2, 2013 7:00pm EST
? >> reporter: the grace period is defined in the law in the beginning as you've pointed out, that the fine is so small for basically defying the obama care law, at least in year number one for most of these lower income mostly young people, that that's their disincentive. the argument is not, you better sign up because you have to pay this big fine. it's, you better sign up because now you can get coverage because you run your motorcycle off the road because you don't think you're going to get sick. but young people are looking at this -- insurance companies will tell you that you can't be the brunt of late-night talk show humor, meaning obama care, and also have the people who watch those shows say, boy, i better hurry and sign up. we have no idea now. and the trends aren't good. >> thanks very much, steve. we appreciate it. the question is, will the back-end insurance errors derail the small amount of enrollments that have been completed? paul, front end, are you satisfied with what happened in the front end? before i get to the back end, front end, november, where are you on this? >> th
CBS
Dec 5, 2013 6:00am PST
being discussed today. about 55 reforms recommended in 2010 by the national organization of black law enforcement executives. both oliver and rainey will be speaking in front of the bart board today. the cost of this assessment $25,000. live at the fruitvale bart station, anne makovec, kpix 5. >> the bart board will also likely address the latest train troubles at today's meeting. a train stopped inside an east bay tunnel yesterday between orinda and rockridge and electrical short causing the emergency brakes to engage while it was going 70 miles per hour. nine people taken to the hospital with breathing problems and some other issues. >> there was just a lot of confusion. we sat and didn't hear anything for 40 minutes. >> i panicked a little bit but, you know, there's not too much you can do when you're stuck in the tunnel. >> bart officials expect maintenance problems to continue until the new trains are finally on the tracks in 2017. >>> search for a missing san jose family resumes in about an hour in idaho. take a look at the extreme conditions search-and-rescue crews are up again
Bloomberg
Dec 9, 2013 2:00pm EST
dollar trillion per year, higher than what is under current law. sequester cuts would be replaced by revenue in other areas, but they are avoiding the big questions, no major changes to taxes or entitlement programs. murray and staffers continue to make progress over the weekend but the deal taking shape already has some critics, like powerful maryland and virginia lawmakers proposing that they receive more money for their pension plans. conservative republicans do not like the idea of putting the current spending cap there. democrats want more on emergency spending benefits with unemployment at seven percent, which is a tough sell right now to republicans. a lot of things out there for people not to like in this deal, so it is no slam dunk even if the deal is sealed by friday. >> peter, thank you very much. budgets in washington, d.c. to back in new york and fending off activist investors, at least one in this case. bill ackman, that is one of the names you need to know. herbalife has added an independent orton member with an illustrious career focused on poverty and is approachi
Al Jazeera America
Dec 9, 2013 6:00am EST
took earlier. >> your average viewer want's to actually understand how the health care law is going to help them or hurt them. >> they know they can get extremist bickering somewhere else. >> people say that we're revolutionary. our revolution is just going back to doing the best in journalism. >> this is the place to go watch high quality journalism, period. al jazeera america is growing and now more americans are getting the high quality, original, in-depth reporting al jazeera america is known for. >> to find out more about al jazeera america go to aljazeera.com ♪ welcome back to al jazeera america i'm stephanie sy and these are the top stories at this hour, a snow and ice storm that crippled parts of the country made it to the northeast over the weekend and grounded 2500 flights nationwide including 1,000 in dallas alone. the storm also caused multiple car pile ups in several states. after weeks of antigovernment protests in thailand the prime minister dissolved the nation's parliament and new elections by february and not clear if yingluck shinawatra will be the choice to lea
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